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Updated: 2 hours 36 min ago

Buffett's Berkshire boosts bet, attracts Ackman

Wed, 08/14/2019 - 22:35
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Categories: Financial Media

Microsoft's latest privacy policy says vendors listen to voice data

Wed, 08/14/2019 - 22:28
Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors.
Categories: Financial Media

Dow posts biggest one-day drop since October as recession fears take hold

Wed, 08/14/2019 - 22:10
Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Categories: Financial Media

WeWork and the new brand of office-space providers

Wed, 08/14/2019 - 21:45
WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses as it prepares for an initial public offering as early as next month.
Categories: Financial Media

Markets register a shock, but is Trump right to blame the Fed?

Wed, 08/14/2019 - 21:33
It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession.
Categories: Financial Media

Fidelity Investments wins court battle with IRS over coal tax credits

Wed, 08/14/2019 - 21:22
Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.
Categories: Financial Media

Novartis replaces top scientists at Avexis after drug data manipulated

Wed, 08/14/2019 - 20:57
Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million.
Categories: Financial Media

U.S. curve inverts for first time in 12 years; 30-year yield tumbles

Wed, 08/14/2019 - 20:46
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest economy could be heading for recession.
Categories: Financial Media

Oil drops 3% on weak global economic data, U.S. crude stocks build

Wed, 08/14/2019 - 20:42
Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Categories: Financial Media

Sierra Nevada chooses ULA's Vulcan to launch space station supply runs

Wed, 08/14/2019 - 20:40
Sierra Nevada Corp, a privately owned defense contractor with spaceflight ambitions, said on Wednesday it picked United Launch Alliance's Vulcan rocket to launch its Dream Chaser space plane on cargo missions to the International Space Station.
Categories: Financial Media

GE secures four-year labor deal with unions for 6,600 workers

Wed, 08/14/2019 - 20:38
General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.
Categories: Financial Media

Stocks, oil plunge on growing signs of global slowdown

Wed, 08/14/2019 - 20:14
Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany's economy in contraction and China's worsening.
Categories: Financial Media

U.S. stocks stumble on fears of looming recession

Wed, 08/14/2019 - 20:08
Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon.
Categories: Financial Media

WeWork to test IPO investor appetite with widening losses

Wed, 08/14/2019 - 20:08
WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month.
Categories: Financial Media

Osram and AMS say takeover talks are constructive

Wed, 08/14/2019 - 19:41
Osram and AMS said on Wednesday that talks about a takeover of the German lighting group by the Austrian sensor maker were progressing.
Categories: Financial Media

Factbox: Where's the fit? Sensor specialist AMS eyes lighting group Osram

Wed, 08/14/2019 - 19:24
Austrian sensor specialist AMS plans to buy Osram Licht in a deal that would value the bigger, German group at 4.3 billion euros ($4.8 billion).
Categories: Financial Media

Ford extends warranties on 560,000 Focus, Fiesta models

Wed, 08/14/2019 - 19:20
Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Focus and Fiesta cars in the United States and Canada after reports of problems with their six-speed transmission.
Categories: Financial Media

Trump sees Fed rather than trade war as source of market turmoil

Wed, 08/14/2019 - 19:07
With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S. President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
Categories: Financial Media

Exclusive: China curbs gold imports as trade war heats up

Wed, 08/14/2019 - 18:59
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
Categories: Financial Media

No concessions from China as Trump postpones some tariffs: U.S. officials

Wed, 08/14/2019 - 18:44
China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient.
Categories: Financial Media